The Best Trading Proverbs

Jesse Lauriston Livermore has been one of the most memorable books I've ever read, actually I think 3 times read now plus referred to at times.
In my opinion for each individual there is a right and wrong way to trade.
And trading funnily enough is not rocket science, just buy and sell, FFS, how hard is that?
When you have a well thought out trading plan and stick to it with discipline, you should be on the right side of the market, imo.

 

"Very high win-rates tend to precede accidents".
-Xela

 

Don't ever get to thinking you are so clever you don't need stops.

 

%% I see your points LL.
Most ALL of my charts are grey/ black + white/grey. I know many men are colorblind LOL ..Many of my charts are red + green....... IBD used red white + blue barcharts
When IBD uses that'' right side'' quote they ,mean the profitable side[.JL LiverMore did blow up several times ]Thanks

 

There's a right way to trade, a wrong way to trade, and there's my way to trade!

 

I would say 95% of the people on TV give you personal opinions.... almost always worthless-William O Neil. IBD Founder , NYSE Seat, WON + Co[Born 1933]

 

Buy from those whose trading ability is less than yours, and later when those same traders come to buy, let them have your shares.

 

A good opinion should be nurtured inside. Once shared it quickly gets devalued.

 

' The popular idiom, "great minds think alike," gets it wrong.

Great minds think differently. That is what makes them great minds. '

- Grace Wong

http://www.huffingtonpost.com/grace-wong/great-minds-think-differe_b_10677494.html

 

%%
True;
also true, most coins have two side, both true.
200 day moving average does not get devalued because its shared. Or put another way ;my banker dad said ''dont share everything you know''